Distressed Credit Investor Jamie Kelner Likes Going From Awful to Bad As Path to Profit

With 21 percent performance in little over a year in business, Jamie Kelner, who manages a $150 million credit portfolio at Alden Global CRE Opportunities Fund, nonetheless has sleepless nights thinking about a potential recession. Such is the case with distressed credit managers with real estate exposure.

Jamie Kelner's Alden Global CRE Opportunities Fund likes distress

“It's a credit market, so it would be foolish of me to think that if we had a long recession it would be a positive,” Jamie Kelner said in...